Thursday, February 21, 2019

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 21 FEBRUARY 2019


  • CPO trading range for the day is 562.1-575.7.
  • Crude palm oil gained tracking firmness in spot demand and overseas prices on expectations of weaker output. 
  • Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.
  • Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.
  • Crude palm oil prices in spot market dropped by 1.50 rupees and settled at 566.70 rupees.

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